J.D. Power Expanding in Europe, Australia with Acquisition of Autovista Group

J.D. Power, a global provider of data analytics in Troy, today announced a definitive agreement to acquire Autovista Group, a pan-European and Australian automotive data, analytics, and industry insights provider.
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J.D. Power is expanding its global reach with the planned acquisition of Autovista Group. // Stock photo

J.D. Power, a global provider of data analytics in Troy, today announced a definitive agreement to acquire Autovista Group, a pan-European and Australian automotive data, analytics, and industry insights provider.

The acquisition is meant to complement J.D. Power’s strengths in vehicle valuation and detailed vehicle specification data and analytics while broadening its footprint into the European and Australian automotive markets. Financial details were not released.

The deal is designed to create strong value for customers of both companies by bringing together Autovista Group’s comprehensive European and Australian market intelligence with J.D. Power’s market-leading predictive analytics and valuation and customer experience datasets.

These complementary offerings should give original equipment manufacturers (OEMs), dealers, insurers, and financing companies a global view of critical trends influencing the industry, along with the tools they need to accurately forecast risk, capitalize on burgeoning trends and align sales strategy with real-time market dynamics.

“Precise vehicle valuations and detailed vehicle specifications are the central underpinning to every data-driven strategy in the automotive industry — from optimizing vehicle production to calculating residual values to all manner of insurance — and finance-related risk assessment and repair models, and the combined assets of J.D. Power and Autovista Group will create truly comprehensive, global valuation and forecasting solutions,” says Dave Habiger, president and CEO at J.D. Power.

Additionally, as U.S. consumers increasingly adopt the European model of configuring and ordering a custom vehicle specification, rather than picking whatever the dealer has on the lot, Autovista’s detailed, vehicle-specific data and analytics will give OEMs critical information they need to navigate this change in consumer behavior.

Through its five leading brands — Autovista, Eurotax, Glass’s, Schwacke, and Rødboka — Autovista Group standardizes and categorizes hundreds of technical attributes for virtually every vehicle produced in the European and Australian markets, providing clients with a 360-degree view of detailed vehicle data for use in valuations, forecasts, and repair estimates.

In addition, its analytic solutions and team of experienced analysts are relied upon by stakeholders throughout the automobile industry for detailed insights and benchmarks for vehicle values and ownership, repair, and replacement costs.

“The global automobile industry is undergoing a historic transformation in which an ever-increasing array of models and fuel types, volatile swings in used car values and lingering supply chain challenges are making it more difficult than ever to project future value and understand total cost of ownership,” says Lindsey Roberts, CEO at Autovista. “By pairing our leading pan-Europe- and Australia-focused datasets with J.D. Power’s robust North American and Asian market data, analytics and insights, we are creating the truly global solution the industry needs to manage through this period of radical change.”

Autovista Group’s senior leadership and its 700 employees will continue with the company and will become J.D. Power’s automotive data and analytics platform for Europe and Australia. Lindsey Roberts will continue to lead the team as president, J.D. Power Europe reporting to CEO Dave Habiger.

Autovista Group is currently owned by Hayfin Capital Management, a European alternative asset management firm.

The acquisition of Autovista Group is expected to close by the end of 2023 and is subject to customary closing conditions as well as regulatory review and approval.